Small business owners, for better or worse, tend to finance purchases using credit cards. When you were first starting out, you probably charged many business purchases to your personal credit card.
Applying for a business credit card has a lot of advantages, both for your personal credit score and for your business. Still, there are cases in which charging business purchases to a consumer card actually benefits your company.
Let’s take a look at how credit cards are different, examine different credit card aspects and determine whether business or consumer cards are superior. In the end, it’s not an either/or choice but one that depends upon your strategy.
How Business and Personal Credit Cards Are Different
Posted by lyceum under FinanceFrom http://smallbiztrends.com 3226 days ago
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